Who is the agreement for the Circle K electronic point of sale system between?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit 2 to the Franchise Agreement
ELECTRONIC POINT OF SALE AND SOFTWARE AGREEMENT
This Electronic Point of Sale and Software Agreement (this "Agreement") is entered into by and between TMC Franchise Corporation, an Arizona corporation, with offices at 1130 West Warner Road, Tempe, Arizona 85284 ("TMC"), and «ContractName» ("Franchisee"), effective as of the Effective Date (as defined below).
1. POINT OF SALE EQUIPMENT
Source: Item 22 — CONTRACTS (FDD page 100)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the Electronic Point of Sale and Software Agreement is between TMC Franchise Corporation ("TMC") and the franchisee. This agreement outlines the terms and conditions for the electronic point of sale system used in the Circle K store.
The agreement specifies that the franchisee is responsible for purchasing, installing, and maintaining the electronic point-of-sale (EPOS) system and a back-office computer system. These systems must meet the standards and specifications set by Circle K, which may be modified over time based on business, operational, and marketing conditions. The franchisee bears the expenses for these systems.
This agreement ensures that Circle K stores maintain a consistent and up-to-date technology infrastructure for processing transactions, managing inventory, and reporting sales data. Franchisees must adhere to the standards set by Circle K to ensure compatibility and efficiency across all locations. The agreement also allows Circle K to update technology requirements as needed, which may require franchisees to upgrade or replace equipment at their own expense.